ASML Holding (NASDAQ:ASML) Shares Sold by Oak Harvest Investment Services

Oak Harvest Investment Services reduced its holdings in ASML Holding (NASDAQ:ASML) by 59.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the semiconductor company’s stock after selling 1,751 shares during the period. Oak Harvest Investment Services’ holdings in ASML were worth $1,000,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ASML. Resources Management Corp CT ADV purchased a new stake in ASML in the 2nd quarter worth $26,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. First Community Trust NA purchased a new stake in shares of ASML during the second quarter worth about $34,000. POM Investment Strategies LLC acquired a new position in shares of ASML during the 2nd quarter worth about $36,000. Finally, LRI Investments LLC purchased a new position in ASML in the 1st quarter valued at about $37,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML stock opened at $683.83 on Thursday. The business’s fifty day simple moving average is $802.87 and its 200-day simple moving average is $901.15. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $269.03 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a 52 week low of $593.56 and a 52 week high of $1,110.09.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a dividend of $1.407 per share. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. ASML’s payout ratio is currently 29.42%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ASML shares. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Susquehanna lowered their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Finally, Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $970.60.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.